There are no plans for the Beijing-Shanghai High-Speed Railway to get listed, Zhang Shuguang, a senior official from the Ministry of Railways announced at a press conference, eastday.com reported Thursday.
Previous rumors had it that the Beijing-Shanghai High-Speed Railway and the Beijing-Shanghai Railway would go public together with a total asset of 300 billion yuan (US$ 44 billion).
But Zhang noted the new rail line has a great advantage in terms of its geographic position, and it’s likely to become the most profitable railway in the world.
“Once the express [railway] gets listed, it’s surely going to be profitable,” Zhang said.
Construction of the new express Beijing-Shanghai Railway began on April 18, 2008 and is projected to be completed on time to begin operation in 2012.
The high-speed train has a designed speed of 350 kilometers per hour, and it will only take about four hours to travel the 1,318 kilometer-long rail line between Beijing and Shanghai.